News Releases

Vancouver, Canada – May 2, 2019
– (TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB). Nano One CEO Dan Blondal is pleased to report that
advances in its cathode technologies have led to a growing pipeline of
strategic opportunities for solid state and next
generation lithium ion batteries. There are now twenty strategic relationships at
various stages of development, which represents a ten-fold increase over the
last year.

“There is a global
effort underway to increase the energy density and safety of lithium ion
batteries,” explained Nano One CEO, Dan Blondal, “and solid-state batteries are one of the more promising solutions.
Nano One has developed a number of cathode materials and processes that have
caught the attention of the industry, primarily from within the automotive
sector. We have many third-party evaluations now underway with the goal of partnering
to make solid state batteries a reality.”

Nano One’s cathode
material development program includes enhancements that are designed to prevent
chemical side reactions, for improved safety and longevity. These enhancements
apply to Nano One’s NMC and High Voltage Spinel cathode materials. NMC
batteries are critical to long range electric vehicles, while High Voltage
Spinel has long term strategic value because it enables
high energy densities, fast charging, and is free of cobalt and the associated
supply chain risk.

Mr. Blondal
said, “We are collaborating with industry
leaders to identify the most promising cathode materials for next generation
lithium ion batteries, and we are working to convert these leads into partners,
as we did recently with Pulead Technology and Saint-Gobain. Nano One is
executing on its plans and is well positioned to capitalize on rising
automotive interest in both electrode technology and solid-state lithium ion batteries.”

Nano One Materials
Corp.

Dan Blondal,
CEO

For information with respect to Nano One or the contents of this news release, please contact John Lando (President) at (604) 669-2701 or visit the website at www.nanoone.ca.

About Nano One:

Nano
One Materials Corp (“Nano One” or “the Company”) is developing patented
technology for the low-cost production of high-performance battery materials
used in electric vehicles, energy storage, consumer electronics and next
generation batteries. The processing technology addresses fundamental supply
chain constraints by enabling wider raw materials specifications for use in
lithium ion batteries. The process can be configured for a range of different
nanostructured materials and has the flexibility to shift with emerging and
future battery market trends and a diverse range of other growth opportunities.
The novel three-stage process uses equipment common to industry and Nano One
has built a pilot plant to demonstrate high volume production and has
preliminary engineering plans in place for full scale production of a range of cathode materials. This pilot plant program is being
funded with the assistance and support of the Government of Canada through Sustainable
Development Technology Canada (SDTC) and the Automotive Supplier Innovation
Program (ASIP) a program of Innovation, Science and Economic Development Canada
(ISED). Nano One also receives financial support from the National Research
Council of Canada Industrial Research Assistance Program (NRC-IRAP). Nano One’s
mission is to establish its patented technology as a leading platform for the
global production of a new generation of nanostructured composite materials.
For more information, please visit www.nanoone.ca

Certain
information contained herein may constitute “forward-looking information” under
Canadian securities legislation. Forward-looking information includes, but is
not limited to, statements with respect to the actual receipt of the grant
monies, the execution of the Company’s plans which are contingent on the
receipt of such monies and the commercialization of the Company’s technology
and patents. Generally, forward-looking information can be identified by the
use of forward-looking terminology such as ‘believe’, ‘expect’, ‘anticipate’,
‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’,
or variations of such words and phrases or statements that certain actions,
events or results “will” occur. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made
and they are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or
implied by such forward-looking statements or forward-looking information.
Although management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. The Company does
not undertake to update any forward-looking statements or forward-looking
information that is incorporated by reference herein, except as required by
applicable securities laws.

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